Gold price flatlines in the $1,950s during the early European Session on Tuesday, suppressed by a confluence of overhead technical resistance at $1,960. The surge to over $2,000 last week on panic-buying as the banking crisis worsened seems to have been as short-lived as a distress flare from a castaway.
The market mood took a turn for the better at the start of the week on more failing-bank-takeover news, and as United States policymakers assured lawmakers that they have the “tools” necessary to stop any further banking sector contagion from spreading.
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